I was bored so just put the past years 4C announcements in a spreadsheet and have summarised what came out.
FWIW and I have no idea
Whilst Receipts from customers for last quarter were nil, FY11 Receipts have grown 432% ($1.8m) when compared to FY10. This growth is consistent with the goal to significantly increase revenues
June Qtr outlays were consistent with qtrly averages over the year however FY11 Outlays have increased from FY10 by 18% ($0.7m) with major increases in R&D ($0.7m), Staff Costs ($0.2m) and professional fees ($0.4m). Expenditures would IMO be supportive of growth strategy.
At Year-end Cash at bank was $5.2m which at current operating cash flow levels would cover 12 months expenses if no income received and 21 months if last years receipts were maintained. Overall IMO this is well managed and the CR in Mar/Apr shows mgt are forecasting well because had it not been done cash would be tight today (given no rcpts inlast qtr). I?m sad my PYCO are out of money, reckon if there was a month or 2 more it would have been sweet. Sept quarterly will be interesting!! GLTA
PYC Price at posting:
6.7¢ Sentiment: None Disclosure: Held
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